06.03.2025 09:11
The price of Brent crude oil has fallen below $70 per barrel, reaching its lowest level since September 2024. Following the rapid decline in oil prices, there is news of a new discount for gasoline as well. Starting tonight, the price of gasoline is expected to decrease by 2 lira and 6 kuruş per liter, while a reduction of 1 lira and 60 kuruş for diesel is anticipated starting from Saturday.
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Good news for millions of gasoline vehicle owners in Turkey is coming one after another. After the 1 lira 15 kuruş discount that took place on Tuesday, a new discount of 2 lira 6 kuruş is expected on the price of gasoline per liter. The discounted prices will be valid starting from Friday.
Expectations that sanctions on Russian oil will be lifted are causing Brent crude oil prices to drop in global markets. As a result of this news, the price of Brent crude oil per barrel has fallen below 70 dollars, reaching its lowest level since September 2024. The decline in oil prices is reflected as a discount on fuel.
DISCOUNT ON DIESEL IS COMING TOO
A discount of 2 lira 6 kuruş is expected on the price of gasoline per liter, valid starting from Friday. In Istanbul, the price of gasoline is sold at 45 lira 39 kuruş, in Ankara at 45 lira 94 kuruş, and in Izmir at 46 lira 31 kuruş.
In the diesel group, a discount of 1 lira 60 kuruş is anticipated to be implemented starting from Saturday. In Istanbul, the price of diesel is sold at 46 lira 65 kuruş, in Ankara at 47 lira 36 kuruş, and in Izmir at 47 lira 73 kuruş.
HOW ARE FUEL PRICES DETERMINED?
According to the Petroleum Market Law, since January 1, 2005, a Free Pricing System has been applied to fuel. With this system, fuel distribution companies are free to determine the depot sales price according to different pricing policies, and dealers also apply the ceiling pump sales prices recommended to them by distribution companies. Dealers are also free to apply their own pump sales prices according to the competitive conditions of their region. In Turkey, retail sales prices are determined considering the competitive conditions.
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